UK Committee Warns of AI Risks in Financial Services

A UK parliamentary committee has raised concerns about the rapid adoption of artificial intelligence (AI) in financial services, which is outpacing regulators' ability to manage associated risks. According to NS3. AI, the Treasury Committee criticized UK regulators for depending excessively on outdated regulations and called for clearer guidance on AI usage by 2026. Experts have pointed out that AI's complex and opaque systems pose challenges to traditional regulatory frameworks, potentially leading to harm and hindering responsible AI innovation source: https://www.binance.com/en/square/post/35326278804538?utm_source=BinanceNewsRSS